103 King Street N

Situated at 103 King Street N, Minto, this remarkable Multi-Family Home for sale in Minto presents an exceptional investment opportunity for discerning buyers. Priced at £1,399,000, this well-maintained multiplex building boasts a generous configuration of 8 self-contained units, which are ideal for generating a steady income stream. Each unit is equipped with separate hydro, water, and gas meters, allowing for tenant autonomy and facilitating efficient management.

This impressive property features a total of 18 bedrooms and 8 bathrooms, comprising 6 two-bedroom, one-bathroom units and 2 three-bedroom, one-bathroom units. The layout is designed to maximise space and comfort, with a total of 42 rooms, ensuring ample living space for all tenants. Located at 103 King Street N, Minto, this Multi-Family Home for sale in Minto is perfect for those looking to invest in a property that offers both convenience and profitability.

The exterior of the building is finished in a combination of aluminium siding and brick, providing durability and a modern aesthetic. While the property does not feature a garage, it boasts a private driveway with space for up to 12 vehicles, making it easy for tenants and visitors alike to find parking. The lot measures an impressive 147 by 132 feet, offering ample outdoor space for tenants to enjoy.

Inside, each unit is unfurnished, allowing new tenants to personalise their living spaces according to their tastes. The absence of a central vacuum system and a family room means that the focus remains on the essentials, ensuring that the property is functional and easy to maintain. Additionally, there is no air conditioning or fireplace, but the forced air heating system ensures that the units remain warm and comfortable during the colder months.

One of the standout features of this Multi-Family Home for sale in Minto is the inclusion of in-suite laundry facilities in each unit, which significantly enhances tenant convenience and appeal. This feature is particularly attractive to potential renters, as it adds a level of comfort and practicality that is often sought after in rental properties. Furthermore, the property is connected to municipal water and sewer services, ensuring reliable access to essential utilities.

The location of 103 King Street N, Minto, within the growing community of Minto, provides a charming small-town atmosphere while still offering access to essential amenities. Residents will appreciate the proximity to local shops, schools, and recreational facilities, making it an attractive place to live. The community is known for its friendly atmosphere and strong sense of belonging, making this Multi-Family Home for sale in Minto an appealing choice for families and individuals alike.

In summary, this property at 103 King Street N, Minto, represents a unique opportunity for investors looking to acquire a well-maintained, income-generating multiplex. With its 8 self-contained units, each featuring separate utilities and in-suite laundry, it is designed to cater to the needs of modern tenants. The absence of a pool, garage, and additional land is more than compensated for by the spacious lot, ample parking, and the overall appeal of the community.

For those interested in a Multi-Family Home for sale in Minto, this property is not to be overlooked. With its strategic location, significant rental potential, and well-thought-out design, 103 King Street N, Minto, is poised to be a valuable addition to any property portfolio. Don't miss the chance to explore this exceptional investment opportunity.

Minto, nestled within the city of Minto, offers a charming blend of suburban tranquillity and accessibility to urban amenities. This picturesque area is characterised by its well-maintained parks, inviting green spaces, and a network of scenic walking trails that encourage outdoor activities. Residents can enjoy a sense of community spirit while being conveniently close to local shops, schools, and essential services. The neighbourhood boasts a friendly atmosphere, making it an ideal place for families and individuals alike who seek a peaceful yet connected lifestyle. With its welcoming environment and proximity to the vibrant city centre, Minto provides a delightful setting for those looking to settle in a harmonious and engaging locale.

Schools in the Neighbourhood

The property is conveniently located near Minto-Clifford Public School, an esteemed elementary institution situated just 0.5 km away at 5804 Hwy. 89, Harriston, Minto. This school is part of the Upper Grand District School Board and offers a public education in English for students from Junior Kindergarten to Grade 8. With a school rating of 5.7, Minto-Clifford Public School is recognized for its commitment to fostering a supportive and enriching learning environment. Its proximity to the property makes it an excellent choice for families with young children, providing easy access to quality education within a short walking distance. The school’s focus on foundational learning and community engagement enhances the appeal of the neighborhood, making it an ideal setting for family life. Overall, this nearby educational facility contributes significantly to the value of the property, ensuring that residents have access to essential educational resources for their children.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, yet vibrant community with a population of 561 residents. The average household consists of three individuals, with a median age of 36.4 years, indicating a relatively young demographic. The average household income stands at an impressive $102,000, although 10.4% of the population is classified as low-income. Housing prices in the area average around $552,000, reflecting the community's desirability. A significant portion of the population, 34.12%, is single, while nearly half (48.39%) of households include children, highlighting a family-friendly environment. The area is home to a diverse population, with 6.92% of residents being immigrants. Additionally, 18.18% of households are renters, and 6.82% reside in condominiums, suggesting a mix of housing options. Education levels are notably high, with 47.83% of residents holding a college or university degree. However, a substantial 38.04% of the population is not in the labor force, which may influence local economic dynamics. Overall, this community presents a blend of young families, educated individuals, and a variety of housing choices, making it an attractive location for potential buyers.